And https://steve-yegge.medium.com/bags-and-the-creator-economy-... where you can read about its author scamming people

I don't understand what's "scammy" about a rugpull. What did the "investors" expect? That lolcoin would become a cash flow positive business and disburse dividends?

The part where you lie to people and falsely describe it as investing and promise/imply/mention profits.

Rugpull is a scam by definition, being confused why scam is scammy seems weird.